What is DopeCoin (DOPE)?
Future of DOPE Cryptocurrency and know how to buy DOPE

#1 – What is DopeCoin?

After the legalization of marijuana in many countries, the industry has grown exponentially. However, this growth expedition has faced obstacles due to the lack of a good advertising framework. The Smoke Exchange platform, which operates through DopeCoin, resolves this challenge.

DopeCoin – The Basics

  1. Smoke Exchange is a one-of-its-kind project that serves the advertising needs of the marijuana industry. It functions as a digital marketplace and communication channels for advertisers and publishers included in the trade.
  2. This self-serving platform provides advertising opportunities to cannabis businesses. Its token DopeCoin is an alternative payment option for the marijuana trade.

DopeCoin Development

  1. DopeCoin was created in 2014 by James Allen. Its central purpose was to cater to the needs of the then ignored marijuana market. It enabled discrete trade of marijuana online through cryptos. Its online portal, DopeCoin Gold was launched in 2017.
  2. It is aimed at providing the billion-dollar marijuana industry with an efficient advertising framework alongside a functional alternative payment option.

 

#2 – What are the benefits of DopeCoin?

DopeCoin Technology

  1. Smoke Exchange utilizes different types of advertising to fulfil its purpose. Conversion tracking with analytics is one of its most important technological aspects. It measures a particular business’s returns on an investment as well as reports people’s reactions to its ads. The platform provides real-time stats to help its users with such analytical insights.
  2. In its latest addition is the Grow Network. It is a network for cannabis and marijuana harvesters, which enables them to peg their plants to DopeCoin like currency is pegged to gold. This way, the crypto coin will be able to stabilize the valuation of cannabis products.
  3. The platform uses a proprietary encryption system to provide complete security and privacy to its users’ data. All transactions are made through its own web wallet that offers a 5% reward at the completion of a year.
  4. It operates on the Proof-of-Stake mechanism, the POSV3 algorithm. It has a staking rate of 5% with a block time of 60 seconds.

Value Proposition

  1. For Advertisers: Smoke Exchange removes the role of third-party ad companies that charge heavy fees for advertising. Instead, the platform enables the advertisers to create and control their marketing campaign at low prices with tangible results.
  2. For Publishers: This section of users will be able to rid itself of marketing agencies and their expensive pricing. Smoke Exchange presents the opportunity to earn higher payouts through direct interaction with the audience.
  3. For Agencies: Smoke Exchange is a self-serving platform that enables the agencies to buy traffic and get access to additional inventory as well.

 

#3 – How to buy and store DOPE?

How to buy DOPE

Smart Exchange’s crypto DOPE can be bought in exchange for ETH. It is available for purchase on cryptocurrency exchanges like Bittrex, CoinGecko, HitBTC, and YoBit.

  1. CoinSwitch, as the largest cryptocurrency conversion platform, offers you to exchange your cryptos for DOPE. You have the option to go through over 45,000 pairs of crypto exchange to choose your preferred one.
  2. What’s more - with CoinSwitch, you do not rely on a separate wallet from the exchange to store your DOPE cryptocurrency. Instead, all transactions happen to and from your own personal private wallets.

Storage

DOPE is an Ethereum compliant ERC20 token. The storage options for this token include any Ethereum wallet like MyEtherWallet. Jaxx is also a desktop and mobile wallet for DOPE storage.

 

#4 – What is the future of DopeCoin?

  1. The roadmap for Smoke Exchange and DopeCoin is specified in terms of its marketing and sales strategies. Business development and customer acquisition are the two top priorities for DopeCoin in 2018.
  2. It aims to increase awareness about the platform through a targeted advertising approach. The company will execute the following strategies as a part of this approach:
    1. - Signature/Bounty Campaigns
    2. - Social Media Marketing
    3. - Influencer Marketing
    4. - Article and Direct Marketing
  3. It also plans to create customer loyalties. To do so, the platform will train its sales team to provide friendly and knowledgeable customer services. Its objective is to make Smoke Exchange the go-to platform for marijuana ads and trade.
  4. Another important aspect of its future includes customer incentives. The platform will offer incentives and rewards to regular users. It will also give free credit coupons to new advertisers.

Also Read: Complete Analysis of DopeCoin | Live DopeCoin (DOPE) Price Charts And Predictions

Price History

Date

Open

High

Low

Close

Volume

Market Cap

July 01, 2018

0.018558

0.018662

0.016437

0.017164

3,794

2,168,355

June 01, 2018

0.028426

0.030139

0.027888

0.028597

5,278

3,321,449

May 01, 2018

0.061458

0.062485

0.058080

0.061699

41,327

7,181,027

Apr 01, 2018

0.049755

0.050245

0.043351

0.044993

15,055

5,813,600

Dec 01, 2017

0.024199

0.033252

0.023197

0.027888

350,959

2,688,121

Oct 01, 2017

0.040814

0.040814

0.035914

0.036273

104,197

4,533,881

 

#5 – How is DopeCoin different from other cryptos?

Platforms like Leafly, Weedmap, and Mantis are some of Smoke Exchange’s competitors. All these platforms function as a self-serve marketplace for the marijuana industry. However, the following features make Smoke Exchange unique in itself:

  1. None of these platforms operates with its own cryptocurrency, unlike Smoke Exchange’s coin DopeCoin. The platform, in fact, offers incentives and discounts to its users on the use of DopeCoin to maximize its marketing efforts.
  2. The platform eliminates the presence of third parties, thereby, saving the cost of advertising on top of providing an effectual means of promotion. Additionally, the users are excluded from paying the third party transaction fees making Smoke Exchange all the more cheap.
  3. In its attempt to create a robust marketplace, Smoke Exchange is onboarding a number of advertisers and publishers from across the world. It is participating in marketing conferences and trade shows alongside organizing large-scale campaigns.
  4. Other platforms face restrictions when it comes to a global customer reach. Smoke Exchange is expanding itself in the international market with its well-stipulated marketing strategies.

 

#6 – Should you invest in DopeCoin?

  1. The cannabis and marijuana industry is sure to grow further in the coming time. With Smoke Exchange, the industry has a well-supported marketing framework and trade platform.
  2. In the absence of advertising facilities from Google Adwords, Facebook, Taboola, etc., Smoke Exchange is catering to a billion dollar industry. It, therefore, shows a good investment potential.
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